ES Journal Archive (2006 - 2008)

[jagmot]

Quote from RsX:

Short at 1360 here, stop -4.00pts

we must be trading pretty similiar as I am short here as well on what looks to be a triple top. 1360.5, 5 point stop, 10pt target not as good rr but i will let 1 run if it gets past the target.

 

[JSSPMK]

Quote from ammo:

jss, divergence between 2,3,5,10,min charts,diverge between macd and stoch? if you dont mind thnx

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1790273>

 

[ammo]

very enlightening ,thanks jss

 

[RsX]

Seems like it, jagmot. This is entry is somewhat more uncomfortable for my preferred style, because it still is against the current multi-day uptrend, intraday chart looks choppy and by my plan the reversal should take place a bit higher from here.. but the pattern is there and the position is worth trying..

My target is not much more far away, it's 1348.50 (globex pivot), so near 3:1 R/R. ES touched and failed at pivot R1 during the 1st RTH trading hour, so good chance to hit at least the pivot today, if not S1.. which seems like a long shot, but you never know..

 

[jagmot]

Quote from jagmot:

we must be trading pretty similiar as I am short here as well on what looks to be a triple top. 1360.5, 5 point stop, 10pt target not as good rr but i will let 1 run if it gets past the target.

Exiting here +1.5. I'm going to look for another entry after the lunch chop is over. If it wasnt lunch I d just move my stop to breakeven. I'm exiting because the 5 min reversal bar (1245est)didn't help.

Edit: 105pm est if we can get to 62.5, I ll be back short as the 4:1rr will now be too good to pass up even with lunch chop.

ok filled

 

[RsX]

Stopped out for -4pts. Looks to be heading to that 1370 are after all.

 

[jagmot]

Quote from jagmot:

Exiting here +1.5. I'm going to look for another entry after the lunch chop is over. If it wasnt lunch I d just move my stop to breakeven. I'm exiting because the 5 min reversal bar (1245est)didn't help.

Edit: 105pm est if we can get to 62.5, I ll be back short as the 4:1rr will now be too good to pass up even with lunch chop.

ok filled

stopped out -3

 

[startraitor]

Short 1366, looking to add at 67.

 

[volente_00]

What happened to 48 ?

Quote from volente_00:

maybe I am wrong, but I think you will see some selling back to ~ 53.

 

[ammo]

spu cash touched 12/26..2/4 trendline on daily